1193 Akron Street, Aurora

$609,500

4 Beds
4 Baths
2,130 Sqft
.22 Acres
0 Garages

Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! We now have two fully occupied cash-flowing 4plexes for $610k each that are right next to each other. One building has one 2bed/1bath & three 1bed/1 bath units and the other 4plex has four 1bed/1bath units with a common area laundry for potential additional laundry income. Here's where the value-add comes into play: currently rents are averaging about $850 in the Denver metro which is unheard of. Market rents exceed $1100-1200/month for 1-bedroom and $1300-1400/month for the 2-bedroom unit. Will update as year leases expire and are renewed at a higher rate. Conveniently located with strong rental demand, these properties offer steady income potential. Now willing to selling buildings individually. Act fast to capitalize on serious value-add potential - 8960 E 12th already sold for $620k on 6/25/24.

Essential Information
MLS® #4756909
Price$609,500
Bedrooms4
Bathrooms4.00
Square Footage2,130
Acres0.22
Year Built1955
TypeResidential Income
Sub-TypeQuadplex
StyleContemporary
StatusActive
Community Information
Address1193 Akron Street
SubdivisionAurora
CityAurora
CountyArapahoe
StateCO
Zip Code80010
Interior
HeatingForced Air
CoolingNone
StoriesOne
Exterior
RoofComposition
School Information
DistrictAdams-Arapahoe 28J
ElementaryKenton
MiddleNorth
HighAurora Central
Additional Information
Date ListedMay 13th, 2024
Parking Spaces4
Listing Details
OfficeMODestate
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